Today it was reported that a Director at PerkinElmer (PKI), Peter Barrett, exercised options to sell 5,601 PKI shares at $30.51 a share, for a total transaction value of $524.4K.
Following Peter Barrett’s last PKI Sell transaction on November 14, 2017, the stock climbed by 21.7%.
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Based on PerkinElmer’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $756 million and quarterly net profit of $71.29 million. In comparison, last year the company earned revenue of $642 million and had a GAAP net loss of $39.66 million. PKI’s market cap is $10.42B and the company has a P/E ratio of 43.62. Currently, PerkinElmer has an average volume of 307.1K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $94.50, reflecting a 1.2% upside.
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PerkinElmer, Inc. (United States) engages in the provision of products, services, and solutions to diagnostics, food, environmental, industrial, life sciences research, and laboratory services markets. It operates through the Discovery and Analytical Solutions, and Diagnostics segments.
